Trader's Bank (Nashville, IN)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
July 27, 1855
Location
Nashville, Indiana (39.203, -86.238)
Bank Type
state

Metadata

Notes

Listed among Indiana 'Free Banks' placed in liquidation by the State Auditor; appears as permanent winding up.

Events (1)

1. July 27, 1855 Suspension
Cause
Government Action
Cause Details
State Auditor placed the bank's circulating notes in liquidation and ordered holders to return notes for cancellation and pro rata dividend.
Newspaper Excerpt
The Auditor of State notifies those holding the circulating notes of the Traders' Bank of Nashville ... to return the same to the Auditor's Office ... for cancellation
Source
newspapers

Newspaper Articles (11)

Article from Indiana American, July 27, 1855

Click image to open full size in new tab

Article Text

SUSPENDED INDIANA FREE BANKS

The Auditor of State notifies those holding the circulating notes of the Traders' Bank of Nashville, Elkhart County Bank, Bank of Attica, Atlantic Bank, at Jackson, Orange Bank, Bank of Albany, State Stock Bank of Indiana, at Peru, Bank of Bridgeport, Bank of America, at Morocco, and the Public Stock Bank at Newport, to return the same to the Auditor's Office, Indianapolis, for cancellation, before the first day of October next, that the outstanding circulation may be determined as accurately HS possible, and a pro rata dividend thereon declared. Certificates for the amount returned will be issued, and the dividend on the respective banks paid upon the presentation of the certificate at that office, after the ffrst day of October next.


Article from Grand River Times, August 22, 1855

Click image to open full size in new tab

Article Text

SUSPENDED INDIANA FREE BANKS

-The Auditor of the State of Indiana notifies those holding the circulating notes of the Trader's Bank at Nashville, Elkhart County Bank, Bank of Attica, Atlantic Bank of Jackson, Orange Bank, Bank of Albany, State Stock Bank of Indiana, at Peru, Bank of Bridgeport, Bank of America, at Morocco, and the Public Scock Bank, at Newport, to return the same to the Auditor's office, Indianapolis, for cancellation, before the first day of October next, that.the outstanding circulation may be determined as accurately as possible, and a pro rata dividend thereon declared. Certificates for the amount returned will be issued, and the dividend on the respective banks paid upon the presentation of the certificate at that office after the first day of October.


Article from The Daily Gate City, April 23, 1856

Click image to open full size in new tab

Article Text

News of the Morning

ARRIVAL OF THE AFRICA.-The Africa arrived on the 19th. Peace Conference still sitting, considering minor details. Paris has been illuminated in honor of the peace, and the Orleanists and Legitimists took a part in the illumination. No news of importance from any quarter. Markets active. Iron in good demand. Provisions unchanged. The President and several members of the Cabinet visited Annapolis on the 18th.They were received by citizens in the Senate Chamber of the State House. Mr. Pierce replied in a happy manner. The next day, in company with the Governor and Secretary of State of Maryland, with other officials, they inspected the Naval Academy. Milton L. Latham was unanimously confirmed Collector of San Francisco on the 19th. The South Americans have carried the city of Augusta, Ga, at the charter election. SPECIAL Tax.-The City Council has ordered a vote to be taken on the 30th inst., to authorize the levying of a special tax. We are requested to state that this order was passed not because the Council has determined upon, or even contemplates, any unusual or extraordinary appropriations for any purpose, during the ensuing year. The object is to provide against contingencies. It may happen that the Council will need more means than are at present provided, and in such case the law makes it necessary that the election ordered should be held by the time specified. If the vote should be in the affirmative, the Council will then be clothed with the necessary power, and can then exercise its discretion. We observe that the Mayor's proclamation does not prescribe the form of the ballots. The Auditor of the State of Indiana gives notice that the notes of the following Free Banks have been placed in liquidation, and gives notice to the holders of the notes of said banks to have them at his office for redemption on or before the first day of Oetober next: Traders' Bank at Nashville: Elkhart Co. Bank: Bank of Connersville: Bank of Attica; State Stock Bank of Indiana at Peru; Wabash Valley Bank : Bank of America, at Morocco: Bank of Albany; Bank of Bridgeport; Laurel; Orange Bank Green County Bank; Atlantic Bank; Bank of T. Wadeworth; Traders' Bank at Terre Haute; Drovers' Bank at Rome: Farmers' Bank at Jasper; New York Stock Bank at Vincennes; Plymouth Bank. The Keokuk Post (Republican) comes to us with triumphant rejoicings over a great victory gained over the Democracy of that city, who insisted upon running a ticket at the municipal election, upon strict party grounds. The Independent or opposition ticket was elected by a strong majority.[Dubuque Republican. The Keokuk Post pretends to be independent, but is at least anti-Republican, whatever else it may be, and didn't rejeice very much over the election. The Times is the regular, and the Post is the irregular, Locofoce paper in this city. The Gate City is the only "Republican" journal.


Article from Indiana American, July 3, 1857

Click image to open full size in new tab

Article Text

Suspended Banks, Where redeemed, and rates paid: Bank of Attica, Auditor's Office, at 89 B'k of America, Auditor's Office, at 87c. B'k of Albany, Auditor's Office, at 90c. Atlantic B'k, Auditor's Office, at 80c. Agricultural B'k, Auditor's Office, at par B'k Connersville, Auditor's Office, at 87c. Elkhart Co. B'k, Auditor's Office, at 97c. Farmers's B'k, Jasper 91 Laurel B'k, 82 Northern Indiana B'k, 83 Orange B'k, par B'k Perrysville, par B'k of Rockport, par State Stock Bank, Peru, 85 State Stock Bank, Marion, 90 B'k South Bend, par Traders' B'k, Nashville, 92 B'k of T. Wadsworth, 91 Wabash Valley bank, 92 Wayne Bank, Logansport, par Wayne Bank, at Richmond, par B'k of North America at Clinton, 90 Savings B'k of Indiana at Connersville, 69 B'k of Warsaw, Central B'k Indianapolis, par Kalamazoo B'k, 90

The above comprises all the Free Banks that are properly secured and within the operations of the General Banking Law of this State.


Article from Marshall County Democrat, July 9, 1857

Click image to open full size in new tab

Article Text

Suspended Free Banks

The following is a list of the suspended Free Banks of this State, showing where redeemable, and value: Bank of Attica, at Auditor's office at 80 cents. Bank of America, Auditor's office, at 87 cents. Bank of Albany, Auditor's office, at 90 cents. Atlantic Bank, Auditor's office, at 80 cents. Agricultural Bank, Auditor's office, at par. Bank of Connersville, Auditor's office, at 87 cents. Elkhart County Bank, Auditor's office, at 97 cents. Farmers' Bank, Jasper, Auditor's office, at 91 cents. Kalamazoo Bank, Auditor's office, at 90 cents. Laurel Bank, Auditor's office, at 82 cents. Northern Indiana Bank, Auditor's office, at 83 cents. Orange Bank, Auditor's office at par. Bank of Perrysville, Auditor's office, at par. Bank of Rockport, Auditor's office, at par. State Stock Bank, Peru, Auditor's office at 85 cents. State Stock Bank, Marion, Auditor's office, at 90 cents. Bank of South Bend, Auditor's office, at par. Traders' Bank, Nashville, Auditor's office, at 92 cents. Bank of T. Wadsworth, Auditor's office at 91 cents. Wabash Valley Bank, Auditor's office, at 92 cents. Wayne Bank, Logansport, Auditor's office, at par. Wayne Bank, Richmond, Auditor's office, at par. Bank of North America, Auditor's office, at 90 cents. Savings Bank of Indiana, Connersville, Auditor's office, 90 cents. Bank of Warsaw, Central Bank, Indianapolis, at par.


Article from The Daily Gate City, April 9, 1858

Click image to open full size in new tab

Article Text

Indiana Free Banks

The following quotations are based upon the Report of the Auditor of the State of Indiana, dated February 1st, 1858: SPECIE PAYING. Atl DISCOUNT. Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Mani of Paeli, Paoli. of Rockville, Wabash. Bank of Salem, New Albany. Bank of Salem, Salem. Bloomington Bank, Bioomington. Cambridge City Bank, CambridgeCity, Exchange Bank, Greeneastle. Bank of Indiana Michigan City. Canal Bank, Hvamoville. CentralB'k, Indianapolis, redeemed urer of State. Crescent City Bank, Evansville. Bank of Kikhart. Brookville Bank, Indiana. CambridgeCity Bank. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre llaute. Bank of Monticello Fayette County Bank. Merch. & Mech. Bk, New Albany. Bank of Syracuse. Indian Reserve Bank. Hooster Bank. SUSPENDED-AT 25 DISCOUNT. Agricultural Bank. AtlanticBank. Bank of Albany. Bank of Albion. Bank of Attica. Bank of America. Bank of Bridgeport. Bank of Commeraville. Bank of Perrysville. Bank of SouthBead. Bank of T. Wadsworth. Bank of the Capitol. Bank of N. America, Clinton Bank of Rockport. Elk) County Bank. Sav Bank, Connersville, (secure,) 40 dis. Fart re' Bank, Jasper. Kati ik. Lat No isna Bank. N. Stock Bank. Or State of Indiana, Peru. State ik, Marion. Havings Bank of Indiana, (seeured). Traders' Bank, Nashville. Wabash Valley Bk. Wayne Bank, Michmond. Wayne Bank, Logansport. Bank of Warraw. Huntington County Bank. There is #0 little suspended Indiana paper now in circulation, and rates are so unreliable, that we do not deem it worth while to give quotations.


Article from The Daily Gate City, April 19, 1858

Click image to open full size in new tab

Article Text

Indiana Free Banks

The following quotations are based upon the Report of the Auditor the State of Indiana, dated February 1st, 1858: SPECIE PAYING. ATLDISCOUNT. Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabash Bank of Salem, New Altany. Bank of Salem, Selem. Bioomington Bโ‚„โ‚ loomington. Cambridge City Cambridge City. Exchange Bank, Bank of Indiana Mie City. Canal Bank, Evans Central B'k, Indianapolis, redeemed by Treasurer of State. Crescent City Bank, Evansville. Bank of Elkbart. Brookville Bank, Indiana. CambridgeCity Bank. Farmers Bank. Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Parke County Bank, Rockville. Prairie City Bank, Terre llaute. Bank of Monticello Fayette County Bank. Merch. & Mech. Bk. New Albany. Bank of Syracuse. Indian Reserve Bank. Hoosier Bank. SUSPENDED-AT 25 DISCOUNT. Agricultural Bank. AtianticBank. Bank of Albany. Bank of Albion. Bank of Attica. Bank of America. Bank of Bridgeport. Bank of Commersville. Bank of Perrysville. Bank of South Bend. Bank of T. Wadsworth. Bank of the Capitol. Bank of N. America, Clinton Bank of Rockport. Elkhart County Bank. Savings Bank, Connersville, (secure,) 40 dis. Farmers' Bank, Jasper. Kalamasoo Bank. Laurel Bank. Northern Indiana Bank. N. Y.& Va. St. Stock Bank. Orange Bank. State Stock Bank of Indiana, Peru. State Stock Bank, Marion. Savings Bank of Indiana, (secured). Traders' Bank, Nashville. Wabash Valley Bk. Wayne Bank, Richmond. Wayne Bank, Logansport. Bank of Warsaw. Huntington County Bank. There is so little suspended Indiana paper now in circulation, and rates are 80 unreliable, that we do not deem it worth while to give quotations.


Article from The Daily Gate City, April 21, 1858

Click image to open full size in new tab

Article Text

Indiana Free Banks

The following quotations are based up on the Report of the Auditor of the State of Indiana, dated February 1st, 1858: SPECIE PAYING. ATT DISCOUNT. Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabash. Bank of Salem, New Altany. Bank of Salem, Salem. Bioomington Bank, ington. Cambridge City Ball ridge City. Exchange Bank, Gree Bank of Indiana Michi City. Canal Bank, Evansville Central B'k, Indianapolis, rodeemed by Treasurer of State. Crescent City Bank, Evansville. Bank of Elkbart. Brookvi lle Bank, Indiana. Cambridge City Bank. Farmers Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre liaute. Bank of Monticello Fayette County Bank. Merch. & Mech. Bk. New Albany. Bank of Syracuse. Indian Reserve Bank. Hoosier Bank. SUSPENDED-AT 25 DISCOUNT. Agricultural Bank. AtlanticBank. Bank of Albany. Bank of Albion. Bank of Attica. Bank of America. Bank of Bridgeport. Bank of Connersville. Bank of Perrysville. Bank of South Bend. Bank of T. Wadsworth. Bank of the Capitol. Bank of N. America, Clinton Bank of Rockport. Elkhart County Bank. Savings Bank, Connersville, (secure,) 40 dis. Farmers' Bank, Jasper. Kalamasoo Bank. Laurel Bank. Northern Indiana Bank. N. Y. & Va. St. Stock Bank. Orange Bank. State Stock Bank of Indiana, Peru. State Stock Bank, Marion. Savings Bank of Indiana, (secured). Traders' Bank, Nashville. Wabash Valley Bk. Wayne Bank, Richmond. Wayne Bank, Logansport. Bank of Warsaw. Huntington County Bank. There is 80 little suspended Indiana paper now in circulation, and rates are so unreliable, that we do not deem it worth while to give quotations.


Article from The Daily Gate City, May 6, 1858

Click image to open full size in new tab

Article Text

Indiana Free Banks

The following quotations are based upon the Report of the Auditor of the State of Indiana, dated February 1st, 1858: SPECIE PAYING. I DISCOUNT. Bank of Goshem, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vermon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Reckville, Wabash. Bank of Salem, New Altany. Bank of Salem, Salem. Bioomington Bank, Bloomington. Cambridge City Bank, Cambridge Exchange Bank, Greeneastle, Bank of Indiana Michigan City. Canal Bank, Evansville. CentralB'k, Indianapolis, redeemed by Treasurer of State. Cressent City Bank, Evansville. Bank of Elkhart. Brookville Bank, Indiana. Cambridge City Bank. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Steek Bank, Columbus. Lagrange Bank, Lima. Parke County Bank, Rockville. Prairie City Bank, Terre Haute. Bank of Menticello Fayette County Bank. Merch. s Mech. Bk. New Albany. Bank of Syracuse. Indian Reserve Bank. Hoosier Bank. SUSPENDED-AT 25 DISCOUNT. Agricultural Bank. Atlantic/Bank. Bank of Albany. Bank of Albion. Bank of Attica. Bank of America. Bank of Bridgeport. Bank of Connersville. Bank Perryaville. Bank of South Bend. Bank of T. Wadsworth. Bank of the Capitol. Bank of N. America, Clintos Bank of Rockport. Elkhart County Bank. Savings Bank, Connersville, (secure) 40 dhe. Farmers' Bank, Jasper. Kalamasoo Bank. Laurel Bank. Northern Indiana Bank. N. Y. & Va. St. Stock Bank. Orange Bank. State Stock Bank of Indiana, Peru. State Stock Bank, Marion. Savings Bank of Indiana, (socured). Traders' Bank, Nashville. Wabash Valley Bk. Wayne Bank, Richmond. Wayne Bank, Logansport. Bank of Warsaw. Huntington County Bank There is 80 little suspended I now in circulation, and rates are $0.8 ble, that we do not deem it worth give quotations.


Article from The New York Herald, May 8, 1858

Click image to open full size in new tab

Article Text

The condition of the canal in commencing business the present seasoa is better than usual. Every part of it has been put in the best repair, and the three additional new inclined planes add very considerably to the capacity for work and to the facility for doing business upon it. After the completion of the two planes now begun there will be but two more to be rebuilt, which it will be the policy of the company to reconstruct at their earliest convenience.

The Auditor of the State of Indians publishes a statement of the present condition of the free banks of that State, from which we learn that the following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of that State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation:-- Bank of Goshen, Goshen; Bank of Gosport, Gosport; Bank of Mt. Vernon, Mt. Vernon; Bank of Paoli, Paoli; Bank of Rockville, Wabash; Bank of Salem, New Albany; Bank of Salem, Salem: Bloomington Bank, Bloomington; Exchange Bank, Greencastle; Farmers' Bank, Westfield; Indiana Bank, Madison; Indiana Farmers' Bank, Franklin; Kentucky Stock Bank, Columbus; Legrange Bank, Lima; Parke County Bank, Terre Haute: Salem Bank, Goshen: Southern Back of Indiana, Terra Haute.

The following banks have complied with the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin:-- Bank of Indiana, Michigan City; Cambridge City Bank, Cambridge City; Canal Bank, Evansville; Central Bank, Indianapolis, redeemed by the Treasurer of State; Crescent City Bank, Evansville.

The following banks are winding up voluntarily, and are redeeming their notes at par, as specified. The tea per cent excess of securities is retained by the Auditor: Bank of Fikhart, redeemed at the bank; Brookvilie Bank, redeemed at the bank; Hoosier Bank, redeemed st the bank; Huntington County Bank, redeemed at the bank; Indiana Stock Bank, redeemed at Fletcher's Bank; Bank of Monticello, redeemed at Branch Bank, Lafayette; Fayette County Bank, redeemed at Branch Bank, Connorsville; Merchants and Mechanics' Bauk, redeemed at Branch Bank, New Albany; Bank of Syracuse, redeemed at Bank of Goshen; Indiana Reserve Bank, redeemed at Fletcher's Bank, Indianapolis.

The notes of the following suspended banks are redeemed by the Anditor:- Agricultural Bank at par; Atlantic Bank at 80c.; Bank of Albany at 90c.; Bank of Albion at par; Bank of America at 87c.; Bank of Attica at 89c.; Bank of Bridgeport at 88c.; Bank of Connorsville at 87c; Bank of Perryville at par; Bank of South Bend at par; Bank of T. Wadsworth at 91c.; Bank of North America, Clinton, at 90c.; Bank of Rockport at par; Farmers' Bank, Jasper, at 91c.; Kalamazoo Bank at 90c.; Laurel Bank at 90c.; Northern Indiana Bank at 9Bc.; New York and Virginia State Stock Bank at par; Orange Bank at par; State Stock Bank of Indiana, Peru, at 85c.; State Stock Bank, Marion, at 90c.; Savinge Bank of Indiana at 69c.; Traders' Bank, Nashville, at 92c.; Wabash Valley Bank at 92c.; Wayne Bank, Richmond, at par: Wayne Bank, Logansport, at par; Bank of Warsaw redeemed at the bank.

The report of the Williamsport and Elmira Railroad fully explains the difficulties which the company encountered last autumn during the financial pressure, and the measures adopted for the extinguishment of its floating debt. The movement was originated and approved by the leading bondholders, who believed that their bonds would be essentially and permanently enhanced in value by finally funding the floating debt. The signatures of more than three fourths of the bondholders have already been secured, and the floating debt itself is almost entirely signed off. The coal business, suspended the past six months, is about being resumed, and the iron and lumber trades are already active. The Northern Central road opens the Williamsport and Elmira gailroad to Baltimore in June, and also by two new routes, the Pennsylvania Central and Lebanon Valley, to Philadelphia; and the completion of the Quakake branch of the Catawissa read in July to the Beaver Meadow, will place New York as near to Buffalo by way of the company's road as by the Hudson River and New York Central roads. The managers express the belief that, with all its opening prospects, and with its finan-


Article from The Daily Gate City, June 10, 1858

Click image to open full size in new tab

Article Text

Indiana Free Bal The following quotations a the Report of the Auditor Indiana, dated February let. 1858: SPECIE P ATI DISCOUNT. Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt, Vernon, Mt. Vernon. Bank of P oli. Wabash. Bank of a Bank of Altany. Bank of So Bioomington Bank, Bloomington. Cambridge City Bank, Cambridge City. Exchange Bank, Greeneastle. Bank of Indiana Michigan City. Canal Bank, Evansville. Central B'k, Indianapolis, redeemed by Treasurer of State. Crescent City Bank, Evansville. Bank of Elkbart. Brookville Bank, Indiana. Cambridge City Bank. Farmers Bank, W field. on. M Indiana Bank, Indiana Farm ink, Franklin. k, Columbus. Kentucky Sto Lagrange BankyLisha. Parke County Bank, Rockville. Prairie City Bank, Terre Haute. Bank of Monticello Fayette County Bank. Merch. & Mech. Bk. New Albany. Bank of Syracuse. Indian Reserve Bank. Hoosier Bank. SUSPENDED-AT 25 DISCOUNT. Agricultural Bank. Atlantic Bank. Bank of Albany. Bank of Albion. Bank of Attica. Bank of America. Bank of Bridgeport. Bank of Connersville. Bank of Perrysville. Bank of South Bend. Bank of T. Wadsworth. Bank of the Capitol. Bank of N. America, Clinton Bank of Rockport. Elkhart County Bank. Savings Bank, Connersville, (secure,) 40 dis. Farmers' Bank, Jasper. Kalamazoo Bank. Laurel Bank. Northern Indiana Bank. N. Y. & Va. St. Stock Bank. Orange Bank. State Stock Bank of Indiana, Peru. State Stock Bank, Marion. Savings Bank of Indiana, (secured). Traders' Bank, Nashville. Wabash Valley By. Wayne Bank, Richmond. Wayne Bank, Logansport. Bank of Warsaw. Huntington County Bank. There is 80 little suspended Indiana paper now in circulation, and rates are 80 unreliable, that we do not deem it worth while to give quotations.